Hannover Rück (OTCMKTS:HVRRY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Hannover Rück (OTCMKTS:HVRRY – Get Rating) from a hold rating to a sell rating in a research note released on Wednesday morning, Zacks.com reports.

According to Zacks, “Hannover Rueckversicherung AG provides reinsurance services. The Company’s operations are divided into four segments: property and casualty reinsurance, life and health reinsurance, financial reinsurance and specialty insurance. Hannover, through its subsidiaries, transacts all lines of non-life and life/health reinsurance. It offers non-life reinsurance products, including specialty lines comprising aviation and space; credit, surety, and political risks; marine, including offshore energy; and structured reinsurance products, which include insurance-linked securities. Hannover Rueckversicherung AG is based in Hannover, Germany. “

Several other equities analysts have also weighed in on the stock. Morgan Stanley dropped their price objective on shares of Hannover Rück from €201.00 ($211.58) to €179.00 ($188.42) and set an equal weight rating on the stock in a report on Tuesday, April 5th. UBS Group dropped their price objective on shares of Hannover Rück from €198.00 ($208.42) to €191.00 ($201.05) and set a buy rating on the stock in a report on Friday, February 4th. Credit Suisse Group upped their price objective on shares of Hannover Rück from €165.00 ($173.68) to €174.00 ($183.16) and gave the company a neutral rating in a report on Thursday, May 5th. Barclays dropped their price objective on shares of Hannover Rück from €145.70 ($153.37) to €138.80 ($146.11) in a report on Thursday, April 21st. Finally, The Goldman Sachs Group started coverage on shares of Hannover Rück in a report on Thursday, February 10th. They issued a buy rating on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Hannover Rück has an average rating of Hold and an average price target of $166.30.

Shares of HVRRY opened at $74.94 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $80.08 and its two-hundred day simple moving average is $89.20. Hannover Rück has a 12 month low of $71.60 and a 12 month high of $102.66.

Hannover Rück (OTCMKTS:HVRRY – Get Rating) last announced its quarterly earnings data on Thursday, March 10th. The financial services provider reported $1.78 earnings per share for the quarter. Hannover Rück had a net margin of 4.39% and a return on equity of 9.46%. The firm had revenue of $8.12 billion for the quarter. On average, equities research analysts predict that Hannover Rück will post 6.05 earnings per share for the current year.

The firm also recently announced a dividend, which will be paid on Thursday, May 19th. Investors of record on Friday, May 6th will be issued a $0.4989 dividend. The ex-dividend date is Thursday, May 5th. This represents a dividend yield of 2.85%. Hannover Rück’s dividend payout ratio is presently 39.55%.

Hannover Rück Company Profile (Get Rating)

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The company offers property, casualty, facultative, catastrophe XL, structured reinsurance, and insurance-linked securities.

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